The Islamic Development Bank (IDB) and Gambia have signed a US$12 million murabaha agreement for the purchase of peanuts for the benefit of Gambia’s Peanuts Foundation.
The Agreement was signed by Mr. Mampori Angai, Minister of Finance and Economic Affairs of Gambia, the IDB Governor for the Republic of Gambia, and Mr. Hani Sunbul, Deputy CEO of the International Islamic Trade Finance Corporation (ITFC).
It is worth mentioning that the IDB has contributed to the construction of more than 70% of the road network in Gambia as part of its efforts to alleviate poverty, unemployment, and promote economic and social development in member countries.